\*\*\_Casualty Payment Date\_\*\* shall mean, with respect to an Event of Loss,
whichever of the following dates as may then be applicable: (a) the next Basic
Rent Date following the earlier of either (i) the receipt of the related
casualty insurance proceeds payable pursuant to the Required Coverages, or
(ii) the sixtieth (60th) day following the occurrence of such Event of Loss;
or (b) if such Event of Loss occurs after the last Basic Rent Date, then on
the earlier of either (i) the receipt of the related casualty insurance
proceeds payable pursuant to the Required Coverages, or (ii) the sixtieth
(60th) day following the occurrence of such Event of Loss.



\*\*\_Casualty Value\_\*\* shall mean, for any Casualty Payment Date, an amount
equal to, whichever of the following amounts as may then be applicable: (a)
the Lessor’s Cost, multiplied by the applicable percentage set forth on
Schedule No. 3 for the corresponding Basic Rent Date, or (b) if the Casualty
Payment Date is after the last Basic Rent Date, an amount equal to the
Lessor’s Cost, \_multiplied\_ by the applicable percentage set forth on
\_Schedule No. 3\_ for the last Basic Rent Date.



 | A-2| 
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(Aircraft Lease MSN 42000181)